Unconscionable trade practices are hereby declared to be unlawful and prohibited. "Unconscionable trade practices" means any act, omission or practice undertaken by a merchant which unfairly takes advantage of the lack of knowledge, ability, experience or capacity of a consumer; or results in a gross disparity between the value received by a consumer and the price paid, to the consumer's detriment; provided that no act or practice shall be deemed unconscionable under this Code unless declared unconscionable and described with reasonable particularity in a local law, or in a rule or regulation promulgated by the Director. In promulgating such rules and regulations the Director shall consider among other factors:
(a) Act or practice of the inability of consumers to receive properly anticipated benefits from the goods or services involved;
(b) Gross disparity between the price of goods or services and their value measured by the price at which similar goods or services are readily obtained by other consumers;
(c) The fact that the acts or practices may enable merchants to take advantage of the inability of consumers reasonably to protect their interests by reason of physical or mental infirmities, illiteracy or inability to understand the language of the agreement, ignorance or lack of education, or similar factors;
(d) The degree to which terms of the transaction require consumers to waive legal rights;
(e) The degree to which terms of the transaction require consumers to jeopardize money or property beyond the money or property immediately at issue in the transaction; and
(f) Definitions of unconscionability in statutes, regulations, rulings and decisions of legislative or judicial bodies in this State or elsewhere.
(Ord. 01-148. Passed 10-2-01.)